alt Hacker NewsIt's worth noting Elisson is 2 years older than Trump.
What's he going to do with all that money, and what does he care for the risk it's bad or shady?
Worst case, he got to be #1 for a bit for a few dozen billion, best case he's hoping AGI will extend his life before he croaks.
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Doubt he believes that. Getting AGI (whatever that actually means) means we are still far away from reversing ageing.
Give it all to the IDF.
What does Ellisons personal wealth have to do with this? The concern is that the circular pattern of shifting money between these companies is artificially inflating the stock market to heights that will crash very very badly when this bubble finally pops.
> What's he going to do with all that money, and what does he care for the risk it's bad or shady?
The thing that unites Ellison, Trump, Musk, Thiel and a fair few of the other politically active billionaires is the obsession with "legacy" - they want to leave their mark in the history books, figures which will likely be remembered and taught in schools in thousands of years similar to Roman emperors.
Musk is the most obvious with his obsession of settling (and eventually dying) on Mars, Trump is dreaming of getting a Nobel Peace Prize (if only to not let Obama be the only US President who got one), and the rest is hunting for the "invented AGI" crown.
I miss the era when people like Dale Carnegie would sponsor some public buildings, instead of ruining the internet and the natural environment.